ASEAN: Slaked Lime Market 2024

Slaked Lime Market Size in ASEAN

The ASEAN slaked lime market was estimated at $X in 2021, picking up by 1.8% against the previous year. Overall, consumption, however, saw a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Slaked Lime Production in ASEAN

In value terms, slaked lime production shrank to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 14%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Slaked Lime Exports

Exports in ASEAN

For the fourth consecutive year, ASEAN recorded decline in overseas shipments of slaked lime, which decreased by -6.8% to X tons in 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, slaked lime exports dropped to $X in 2021. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the main exporting country with an export of about X tons, which reached 63% of total exports. Thailand (X tons) held the second position in the ranking, followed by Indonesia (X tons). All these countries together held near 34% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Exports from Malaysia decreased at an average annual rate of -9.3% from 2012 to 2021. At the same time, Vietnam (+74.5%), Indonesia (+18.3%) and Thailand (+2.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +74.5% from 2012-2021. From 2012 to 2021, the share of Indonesia, Thailand and Vietnam increased by +13, +10 and +2.9 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest slaked lime supplier in ASEAN, comprising 67% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia totaled -6.5%. In the other countries, the average annual rates were as follows: Indonesia (+18.4% per year) and Thailand (+0.6% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, picking up by 7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2019 when the export price increased by 9.6% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.1%), while the other leaders experienced more modest paces of growth.

Slaked Lime Imports

Imports in ASEAN

Slaked lime imports skyrocketed to X tons in 2021, growing by 32% against 2020. Overall, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of 52%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, slaked lime imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a slight contraction. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Philippines represented the largest importer of slaked lime in ASEAN, with the volume of imports resulting at X tons, which was near 56% of total imports in 2021. It was distantly followed by Singapore (X tons), achieving a 36% share of total imports. Lao People's Democratic Republic (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +65.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Philippines ($X), Singapore ($X) and Lao People's Democratic Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 94% share of total imports. Cambodia lagged somewhat behind, accounting for a further 1.2%.

Among the main importing countries, Cambodia, with a CAGR of +57.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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